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The world is bigger than the US. If the political climate in the US obstructs the build out, the build out will occur somewhere else.
I agree, but it would have to be a place with plenty of energy and the only such place outside the US is a war zone.

Perhaps one option is building data centers along with solar power plants in sunny countries that have a lot of space. I'm not sure about the water/cooling situation though.

Well, lots of countries have energy surpluses from hydro or cheap coal.

It would certainly fit the pattern of Bitcoin farms clustering near dams.

Wasn't that mostly China? It would have to be countries that are not under chip sanctions.
It’s called pacing the frontier